Polymarket seeks US margin trading license, allowing users to place bets with less upfront capital

Odaily News Prediction market platform Polymarket is seeking US regulatory approval to offer margin trading, allowing users to participate in bets with less upfront capital. The company has filed a futures commission merchant application with the US National Futures Association through its affiliate Coming Home GBA LLC, and needs CFTC approval of its rulebook to allow non-fully collateralized trading. A Polymarket representative confirmed that the futures commission merchant license application has been submitted. Kalshi obtained a futures commission merchant license earlier this year and launched perpetual contracts, with trading volume exceeding $5.5 billion within two weeks. If Polymarket's application is approved, users will need to undergo additional identity verification, including providing employer information.